Bittime – IQ Protocol (IQT) is a pioneer of the Web3 sharing economy that aims to unlock the full potential of digital assets through peer-to-peer leasing. The protocol creates an ecosystem that allows individuals and communities to rent and borrow digital assets, such as NFT game items, safely and efficiently. IQT serves as the native utility token used to operate various services and features within the IQ Protocol ecosystem.
Key Products & Features IQ Protocol (IQT)
- IQ Protocol: A blockchain protocol that supports IQ Protocol leasing technology.
- IQ Market: Web app is a marketplace for renting digital assets.
- IQ Warper SDK: Development toolkit for custom integration into other platforms.
- IQ Data Lake powered by PARSIQ: A developer tool that provides complex on-chain data queries.
By utilizing these features, IQ Protocol offers various advantages, such as:
- Increase the utility of digital assets: Digital assets such as NFTs can be rented out to generate passive income for their owners.
- Connect owners and tenants: Users can find and rent the digital assets they need easily and securely.
- Unlocking new business opportunities: Game studios, developers, and NFT communities can leverage IQ Protocol to create new revenue streams and expand their reach.
- Simplifying participation in Web3: IQ Protocol makes it easy for users to participate in the Web3 economy without requiring in-depth technical knowledge.
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What is IQT token?
IQT is an ERC-20 utility token used in the IQ Protocol ecosystem. Its functions include:
- Pay transaction fees: IQT is used to pay fees when making lease transactions on IQ Market.
- Governance: IQT holders can participate in voting to determine the direction of future protocol development.
- Staking: IQT can be staked to earn rewards and participate in securing the network.
Tokenomic IQT
- Total Supply: 1 billion IQT
- Circulating Supply: 11.06 billion IQT
- Max Supply: 1 billion IQT
- Market Cap: IDR 57.4 billion
Data based on CoinMarketCap as of March 7, 2024.
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IQ Protocol Fundamental Analysis (IQT)
IQ Protocol has great potential to grow as the Web3 and NFT ecosystem matures. Some of the fundamental factors that support the growth of IQ Protocol include:
- Experienced team: The IQ Protocol team consists of professionals with extensive experience in blockchain, finance, and software development.
- Strategic partnerships: IQ Protocol has established partnerships with various parties, such as Animoca Brands, Polygon Studios, and Chainlink, which can help accelerate protocol adoption.
- Innovative business model: IQ Protocol offers unique solutions to increase the utility of digital assets and open up new business opportunities in Web3.
However, it should be noted that IQ Protocol is still in its early development stages and faces competition from other platforms offering similar services.
IQ Protocol (IQT) Comparison & Competitors
| Feature | IQ Protocol (IQT) | DGoods (DG) | UnRent (UNR) |
| Asset Type | Wide range of digital assets | Item game NFT | NFT |
| Rental Mechanism | Peer-to-peer lending | Peer-to-peer auctions and rentals | Peer-to-peer lending |
| Governance | KNIFE | Development team | Development team |
Founder & Tim IQ Protocol (IQT)
- Tom Tirman: CEO
- Stanislav Chernenko: CTO
- Francis Foster: CGO
Conclusion
IQ Protocol is an exciting project with the potential to revolutionize the way we interact with digital assets. However, the project is still in its early stages and faces stiff competition. Investors need to do their own research before making investment decisions.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application. Learn the Complete Guide on How to Buy Crypto on Bittime.
Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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